Because the DXY had such a strong bullish rally, it cause XXXUSD pairs to tank lower. The 1hr zone did not hold and currently pricing within the 4hr zone. This is an ideal buy entry as long as the zone holds and create bullish bos on the smaller tf. TP will be set at the high point of 1.25200
GBPUSD
GBPUSD
코멘트:
GU did tap into the 1hr zone but decided to take off higher during the London reaching into the 1.24800 resistance level. Noticed a slight retracement on the smaller TF, however, did not enter since it was during the Asian session (which is not apart of my trading plan: NY/London Session only). During the NY session, can expect retracements down after strong London bull run. Will re-asss for another buy entry as price develops.
Overall TP was not met at 1.25200, so will wait patiently for another possible setup
Overall TP was not met at 1.25200, so will wait patiently for another possible setup
코멘트:
Another confluence for XXXUSD pairs went on a massive bullish rally is due to the DXY tanking in price during the London session.
Will wait till tomorrow's NY session for an entry, as the London session will show if the 1hr zone will hold or not. SL is placed below the 4hr Low, a tighter SL would be placed below the 1hr low.